Price has broken through the ascending trendline to the upside, coming down & making a retest of previous resistance as new support. Will be watching for a continuation of uptrend this upcoming week if price remains above new support (purple zone).
Price is following a triangle formation along with making a 3rd touch to the upper trendline, & a "Doji Candlestick" leading with a bearish candlestick for todays candle closure shows a reversal signal that sellers are getting ready to push price lower. Anticipating price to make its way back towards the bottom of the triangle formation in the upcoming week ahead.
Price has made a bearish reaction once again to key level resistance 108.850, along with trendline resistance. Price is showing signs of pushing back lower as todays candle closure is showing some bearish momentum..
Price currently following a downtrend making lower lows & highs. Price has pulled back to create a lower high forming a double top formation at monthly key level resistance. Will be anticipating price to resume the downtrend down to the long term ascending trendline, & if a breakout is made then a new potential lower low can be made next..
Outlook still remains bearish, as there is not enough confluence to call a trend reversal yet. Price broke through the descending trend line, however downtrend structure still remains as price is making lower lows & highs. Key resistance level above at the last lower high near the 1.10700 area, where if price fails to break this level will continue lower as...
Triangle formation as price has been consolidating below monthly resistance for some time now. Price now in a smaller box range as it is being squeezed for a breakout soon. The longer price moves sideways, the stronger the move when the breakout does occur, & am patiently waiting on the bigger move to occur on this pair.
Price has broken through key resistance level along with the descending trendline after creating a double bottom at the bottom. Trend has now shifted bullish, will be watching price to test key resistance level as new support for a further push to the upside as momentum to the upside remains very strong.
Price is finding clear resistance at structure, creating a lower high & is following a downtrend here on the 4H timeframe. Price showing multiple rejection wicks, showing that buyers are failing to push price higher at this level. Will be anticipating a continuation of downtrend to create a new potential lower low next & resume the trend.
Price in a downtrend making lower lows & highs. Price is now forming an evening star reversal pattern to daily resistance, & will be watching for a breakout of the counter trendline for then a continuation of downtrend to occur to create a new lower low next..
Price has pulled back to previous support & rejected as new resistance, which could also be considered the double top neckline. Could also be the start of a new downtrend as price has now made a lower high, & can make a lower low next towards the major highlighted support region below.
Price has printed a double top formation today at key resistance level showing that buyers are failing to break higher. Trade war news today on china trade deal slow to come to a resolution. Watching for a move lower to the highlighted zones below, which will correlate with the forex market as well.
Price has reached key level support, where price has made many reversal at in the past. A bullish engulfing candle reaction was made here Friday after NFP, showing that this level could be the level to push price back to the upside.
Price has rejected previous support as new resistance, showing many rejection wicks at this zone which seems to be holding firm. Price is following a corrective channel in a downtrend making lower lows & highs, & looks ready to resume the downtrend & create a lower low in the upcoming week ahead.
Watching for a bullish trend continuation this upcoming week as price looks to have finished the correction bottoming out at 131.500 support level making a potential double bottom. Multiple rejections at this zone showing that sellers momentum are slowing down & price may be getting ready to resume the uptrend & create a new higher high. A break of the counter...
Bearish bias remains, as price is in a downtrend creating lower lows & highs. Price has pulled back to previous support now new resistance, holding below the long term descending trendine along with the 50 fibonacci retracement level. Will be watching for a trend continuation this upcoming week..
Price is following a channel now running into key resistance level 1.00000 along with the 61.8 fibonacci retracement level where price has rejected the past 2 days already. Watching for one last rejection where then price can make a strong move to the downside to break the channel & continue lower.
Price has broken out of the consolidation box region along with daily support, now pulling back to make a potential retest of broken support as new resistance where then a continuation of downtrend to create a lower low next can then be anticipated.
Price has formed a head on shoulders formation, after reacting off of key level 1.25000 .. Price now is in a downtrend making lower lows & highs, sitting on support currently. From here, will be watching for price to then create a lower high up to previous support structure as new resistance, which aligns with the descending trendline & from there will be watching...